CalPERS is in the midst of reviewing the discount rate - the target rate of return for investment portfolios - and the factors that go into this momentous decision. RCRC and CSAC hosted a webinar on September 23, 2021, presenting counties with an update and opportunity to engage in discussion with the CalPERS Deputy Chief Actuary on the discount rate. The PowerPoint slides shared on that webinar are available here for informational purposes and the webinar video will be shared on the RCRC website in the near future.
The CalPERS Board has narrowed down the potential discount rates to 6.5, 6.8 and 7.0%, and is evaluating various options for investment portfolios that can produce those expected returns, with the aim of making a final decision at their November meeting. Prior to this decision, CalPERS is hosting a webinar opportunity to inform stakeholders of the Asset Liability Management progress on their course to selecting the discount rate. This webinar will help inform stakeholders regarding CalPERS’ approach and what it means for members and employers of the System.
At stake are the costs that county employers pay to fund retirement benefits, direct employee contribution increases from paychecks, and the long-term stability of the retirement system itself. This is an important and consequential time for CalPERS and for our counties. Join in the FREE webinar on October 13, 2021 at 1:00 PM to learn and engage in the discussion. You must register in advance to attend this webinar. Register today!